$6,500,000
3,880 SqFt
3 Beds
•3 Full Baths, 1 Partial
Marion Bethea, Listing Office: Premier Sotheby's Int'l Realty
Is Park Shore, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Park Shore has remained a Buyer's Market.
Key Takeaway
Park Shore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Park Shore, FL
How much do homes in Park Shore, FL cost?
Median Sold Price
$2,297,500
$1,045/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$332,500(+16.9%)
Key Takeaway
Homes in Park Shore have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Park Shore was $2,297,500 in November 2024, up 16.9% from last year, and the median price per square foot was $1,045.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $376K | $335.5K | -10.8% |
| 2 Bedrooms | $1.4M | $1.2M | -12.3% |
| 3 Bedrooms | $2.0M | $2.9M | +42.2% |
| 4 Bedrooms | $4.1M | $5.6M | +34.9% |
| 5+ Bedrooms | $6.7M | $8.7M | +29.2% |
Summary: Park Shore housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 42.2%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes increased by 29.2%.
Housing Supply in Park Shore, FL
How many homes are available in Park Shore, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 168 | +22.6% |
Summary: The Park Shore real estate market had 168 homes for sale in November 2024, a 22.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 47 | 62 | +31.9% |
| 3 Bedrooms | 50 | 60 | +20.0% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Park Shore housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 31.9%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Park Shore, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Park Shore in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Park Shore, FL
How long does it take to sell a home in Park Shore, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 55 Days | -32.0% |
Summary: Homes in Park Shore had an average of 55 days on market in Nov 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Park Shore are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Park Shore; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
